The decrease in vacant housing in Perth continued to increase rents during the first quarter of the year, according to the latest figures from Domain.
During the quarter, rents increased 2.7% to $ 375 for homes and 6.7% to $ 320 for dwellings. Despite these gains, Perth remains the most affordable rental market for both types of housing.
"In the space of a few years, Perth has grown from the third most expensive rental market to the most affordable of all capitals. This happened because of the mining downturn, weak population growth and a flood of rental listings. Tenants have the upper hand, "said Nicola Powell, senior research analyst in the field.
The growth in rents is due to the decrease in vacant housing in the city, providing owners with better reasons to increase the rents demanded.
Separate figures from SQM Research show that in March, the vacancy rate in Perth is 1.9%, down from the previous month by 2% and a significant drop from 2.9% last year.
"Most states and territories have seen an increase in rental listings during the second half of March, as the coronavirus pandemic has an impact on short-term rentals and tenant hip pockets due of income reduction or job loss, "said Powell.
However, rental price increases could stop if Perth begins to show signs of vacancies, Powell said.
Top suburbs:
newcastle
,
trott park
,
Westbrook
,
spring wood
,
st marys
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